Microchip Technology Incorporated (MCHP) Declined Due To Lower Than Expected Guidance

Insider Monkey12-09 22:05

TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” third-quarter investor letter. A copy of the letter can be downloaded here. Within ...

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A copy of the letter can be downloaded here. Within ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microchip-technology-incorporated-mchp-declined-140558364.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0353189763.USD","symbol_name":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/microchip-technology-incorporated-mchp-declined-140558364.html","article_id":"2490477372","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Z.cNk8RmuBbH1iUZRaJr8A--~B/aD00MzA7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/ea9b7d4f5a94a0163111a9260bf63ea0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490477372","pubTimestamp":1733753158,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” third-quarter investor letter. 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In addition, please check the fund’s top five holdings to know its best picks in 2024.TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Microchip Technology Incorporated  in its Q3 2024 investor letter:","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","TQQQ":"纳指三倍做多ETF","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4588":"碎股","BK4141":"半导体产品","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1548497426.USD":"安联环球人工智能AT Acc","QID":"纳指两倍做空ETF","BK4512":"苹果概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD",".IXIC":"NASDAQ Composite","BK4529":"IDC概念","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","PSQ":"纳指反向ETF","SQQQ":"纳指三倍做空ETF","MCHP":"微芯科技","QLD":"纳指两倍做多ETF","BK4585":"ETF&股票定投概念"},"translate_title":"Microchip Technology Incorporated(MCHP)因指引低于预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCHP":1,".IXIC":0.9,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” third-quarter investor letter. A copy of the letter can be downloaded here. Within equities, smaller or value-oriented stocks in developed economies yielded higher, whereas emerging markets saw the opposite trend. In the third quarter, the strategy returned 4.96% (gross) and 4.75% (net) while the Russell Midcap Growth Index returned 6.54%. In addition, please check the fund’s top five holdings to know its best picks in 2024.\nTimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks like Microchip Technology Incorporated (NASDAQ:MCHP), in the third quarter 2024 investor letter. Microchip Technology Incorporated (NASDAQ:MCHP) manufactures and distributes smart, connected, and secure embedded control solutions. The one-month return of Microchip Technology Incorporated (NASDAQ:MCHP) was -15.15%, and its shares lost 33.31% of their value over the last 52 weeks. On December 6, 2024, Microchip Technology Incorporated (NASDAQ:MCHP) stock closed at $59.29 per share with a market capitalization of $31.839 billion.\nTimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Microchip Technology Incorporated (NASDAQ:MCHP) in its Q3 2024 investor letter:\n\n\"Among the wide variety of Information Technology companies, we prefer critical system providers, specialized component designers, systems that improve productivity or efficiency for their clients, and others that are growing their shares of corporate IT budgets. Microchip Technology Incorporated (NASDAQ:MCHP) develops and produces smart, connected, and secure embedded control solutions. While its June quarter results were in line, guidance for the September quarter was lower than expected and that caused a -12% selloff. This semiconductor inventory correction has lasted longer than many expected. It is encouraging to learn the company has been generating solid design wins and that should bode well for future growth.\"\n\n A semiconductor wafer at various stages of fabrication, showing the company's range of expertise. \nMicrochip Technology Incorporated (NASDAQ:MCHP) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Microchip Technology Incorporated (NASDAQ:MCHP) at the end of the third quarter which was 46 in the previous quarter. In the September quarter, Microchip Technology Incorporated (NASDAQ:MCHP) reported $1.164 billion in net sales, down 6.2% sequentially. While we acknowledge the potential of Microchip Technology Incorporated (NASDAQ:MCHP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nIn another article, we discussed Microchip Technology Incorporated (NASDAQ:MCHP) and shared Mar Vista Strategic Growth Strategy's views on the company. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.\nREAD NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490477372"}